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Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Containerisation to boost Indian logistics

Seamlessly integrating the vast network of railways, highways, airports and waterways, India is gearing up to strategically position itself as a global containerised cargo destination.

Good transshipment facilities will drive port sector growth

In spite of the vast coastline and more port facilities across the coastline, India is still lagging behind many ports in the region in cargo handling efficiency. Anil Bhatia, Vice President - Sales & Marketing, TIL, elaborates on the market scenario and outlook.

Pioneering Growth

Traditionally known for aerospace, engineering and IT, Bengaluru is fast emerging as a construction equipment (CE) hub in India with major players expanding their base in the city.

Reasons to cheer

Better late than never. The Central Government has finally lowered the GST rate on construction and mining equipment to 18 per cent, from 28 per cent. Though, for some 15 per cent products, GST still remains 28 per cent, according to industry sources.

Out of the Box

Container logistics in India has transformed over the last decade in many ways. The constant change is challenging the established methods of handling and transportation of containers. More and more stringent rules for safety and weighing of containers are keeping all manufacturers of container handling equipment in a constant innovation mode.

Container Handling: Future?s Bright